This operation, which takes place in a context of favourable market conditions, will allow the company to continue to make progress on its current strategic plan.
This strategy contemplates the developments of the electricity transmission grid necessary to enable the process of ecological transition in Spain, a fundamental pillar of Redeia’s strategic roadmap, with a 2025 horizon.
According to Linklaters, “with this new issue and with the recent issues of hybrid bonds by Iberdrola and Telefónica, Linklaters Spain confirms once again their leadership advising on this type of deal, as we have participated in all recent hybrid bonds issues.”
Linklaters Spain advised Redeia with a team led by partner Federico Briano and managing associates Yiannis Kyriakides and Álvaro Albors.
Clifford Chance advised the managers with a team led by partner Antonio Henriquez, who was supported by associate Anna Buscaglia on the English Law workstream, together with partner Yolanda Azanza and senior associate Francisco Pizarro on the Spanish Law workstream.